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BMW Financial’s Off-Lease Inventory Open to All Dealers
BMW Financial Services has made its BMWGroupDirect.com service accessible to independent and non-BMW franchise dealers, in preparation for the increase in off-lease vehicle inventory, the company...
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Star-studded line-up to speak at second Auto Captives Summit [SPONSORED]
Following the enormous success of their inaugural White Clarke Group Auto Captives Summit in 2015, White Clarke Group have announced a star-studded line-up of speakers for their next summit which will...
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BMW Financial U.K. to Tackle Lack of Innovation in Auto Finance, CEO Says...
Jonny Combe, general manager of product and channel development for BMW Group Financial Services, talks about startups for the company’s 10 week Innovation Lab. The auto-finance sector “has failed to...
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BMWFS Lab’s Tech Startups Eager For Finance Solutions
BMW’s futuristic Gina concept car (via Wikimedia Commons). October was the start of a 10 week workshop at BMW Financial Services’ UK headquarters, which will play host to five disruptive automotive...
View ArticleDivido Wins London Startup Contest
Divido, a financing startup, won an industry innovation contest in London last week. The U.K. startup beat out four other finance and mobility startups in a “pitch” contest during the International...
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DOJ Inspects BMW Financial Services’ Military Compliance
BMW Financial Services received a request for information from the U.S. Justice Department regarding the company’s leasing compliance, under the Servicemembers Civil Relief Act (SCRA), according to...
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Beyond Subprime: DOJ Probes BMWFS For Military Compliance
Regulatory enforcement “is not just a subprime credit issue,” in the wake of news that BMW Financial Services is cooperating with the Department of Justice to provide information about its...
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Cazana to Offer Finance Through Car History Report Platform
Cazana is preparing to offer financing directly through its vehicle history report platform, following a recent partnership with BMW Financial Services U.K., Auto Finance News has learned. Formerly...
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BMW Financial Services Finds New Leader in Thomas Wittig
Thomas Wittig, head of BMW Financial Services. Thomas Wittig has been named head of BMW Group Financial Services — taking over for Erich Ebner von Eschenbach, who will stay with BMW leading its...
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BMW Rolls Back Lease Penetration During 2Q
BMW Group Financial Services saw a 1.7% year-over-year rise in total worldwide loan and lease originations — to 468,603 contracts — during the second quarter ended June 30, but signaled an easing of...
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BMW Financial U.K. Expands Scope of Innovation Lab
After deeming its first Innovation Lab in 2016 a success, BMW Group U.K. is expanding the focus of its startup accelerator for its 2018 cohort. BMW Group Financial Services launched the Innovation Lab...
View Article5 Powersports OEMs Tackle Slow Season With Finance Offers
There is a lull in the season that hits around the fall and wintertime for powersports, as colder weather causes consumers to store their motorcycles. However, manufacturers are tackling the slow...
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China Ripe for Auto Finance Boom as Consumer Penetration Rate Rises
Can Stock Photo / staphy Since 2009, China has surpassed the United States as the largest market for new-vehicle sales, according to Deloitte Consulting LLC. And now, auto finance is starting to catch...
View ArticleBMW Motorrad Reports Record Sales, Unveils New Incentive
Despite a “slight downturn” in BMW Motorrad USA’s sales in 2017, the OEM outpaced the rest of the motorcycle industry. New product models, plus finance incentives, have poised the manufacturer for...
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BMW’s First Loan Issuance in 2 Years Provides Portfolio Insights
© Can Stock Photo / ironjohn BMW Financial Services issued its first North American securitization deal in two years, and the parameters of the transaction reflect the rising loan term environment seen...
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BMW Financial Launches Lease Product Geared Toward Mobility
Photo by BMW Group BMW’s Financial Services USA will launch a new product this month — called Car & Ride Sharing Lease — aimed at accommodating the rideshare and carshare landscape, the company...
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BMW Financial Settles $2M Case Over Disputed Lease Refunds to Servicemembers
Photo by Markus Spiske freeforcommercialuse.net from Pexels BMW Financial Services reached a settlement with the U.S. Department of Justice for $2 million last week over disputed refund lease charges...
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MBFS Navigates State Regs Amid E-Contracting Expansion
Mercedes-Benz E-Klasse All-Terrain; Outdoor. Mercedes-Benz Financial Services plans to expand the reach of its e-contracting program by yearend, after launching a limited pilot in late 2016, Vice...
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BMW and Daimler Merge Mobility Services Divisions
Photo by Peter Hennrich via Daimler BMW Group and Daimler AG will merge their respective mobility service divisions into a 50/50 joint venture, while still maintaining competition within their core...
View ArticleBMW Subscription Pilot Has Some Questions to Answer
Earlier this month BMW launched a subscription pilot in Nashville, Tenn. with the hopes of not only understanding the consumer appetite for luxury OEM subscription services but also their behavior. One...
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